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Funding spring for startups may return in next 12 months, say analysts

The India tech startup ecosystem witnessed its highest funding of $43.5 bn in 2021 and after this, the funding started to witness a downfall and there is no sign of improvement in the funding to date,

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Peerzada Abrar Bengaluru

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The Indian tech startup ecosystem saw its highest funding peak at $43.5 billion in 2021. Since then, funding has witnessed a downturn with no evident signs of recovery, and according to analysts, the funding in this space dropped by 38 per cent in 2022, falling to $27 billion.

“Indian tech startups have raised a total of $6.2 billion in 2023 to date. In comparison, funding in the same period in 2022 and 2021 was $21.6 billion and $27.2 billion, respectively,” stated Neha Singh, co-founder of research firm Tracxn. “This constitutes a drop of 71 per cent and 77 per cent

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First Published: Aug 23 2023 | 4:52 PM IST

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